Geely ready to abandon bid for Proton amid uncertainty on Malaysian side

Beijing

BILLIONAIRE Li Shufu said he's planning to pull Zhejiang Geely Holding Group Co out of a bid for Proton Holdings Bhd, saying the Malaysian carmaker keeps changing its plans.

"They keep changing, today it's this, tomorrow's it's that," Mr Li said in an interview in Beijing on Friday, before attending the opening of the Chinese People's Political Consultative Conference. "They haven't decided what they want."